Resilience Capital Partners said Tuesday that it has acquired Porter’s Group Holdings LLC. Financial terms weren’t announced. Bessemer City, North Carolina-based Porter’s Group provides metal fabrication solutions serving the security, military, mining, heavy equipment and trucking industries.
CLEVELAND, Sept. 1, 2015 /PRNewswire/ — Resilience Capital Partners (collectively with its affiliates, “Resilience”), a Cleveland-based private equity firm focused on investing in and improving lower mid-market companies in a broad range of industries, announced today that it has acquired Porter’s Group Holdings LLC (“Porter’s”). The newly-formed platform company will operate under the name of Porter’s Group LLC.
“We are excited to welcome Porter’s to the Resilience portfolio of companies and look forward to working with management to continue evolving the business into a world class leader in metal fabrication solutions,” said Bassem Mansour, Co-CEO of Resilience.
Porter’s is headquartered in Bessemer City, NC and is a leading provider of metal fabrication solutions serving the security, military, mining, heavy equipment and trucking industries. The company is also the largest metal fabricator of ATMs in North America. It employs approximately 470 employees and operates out of four production facilities.
Ki Mixon, a Partner at Resilience, added, “With its wide range of capabilities, Porter’s differentiates itself from its competitors and is uniquely positioned for future growth alongside our blue-chip customer base.”
Charles Saleh, Porter’s CEO and former majority shareholder, commented, “It has been a pleasure working with the whole Resilience team over the past several months. They clearly differentiated themselves with their understanding of the business. I feel they have the necessary resources to take Porter’s to a new level of excellence.”
About Resilience Capital Partners
Headquartered in Cleveland, Ohio, Resilience seeks to invest in niche-oriented manufacturing, distribution, and business service companies located in the Midwestern and Mid-Atlantic United States with sustainable market positions and a clear path to cash flow improvement. Resilience targets platform businesses with $25 million to $250 million in revenues across a broad range of industries where it believes it can improve a company’s operations, competitive positioning and profitability. Since its founding in 2001, Resilience has invested in 48 companies under 26 platforms. Its portfolio companies today employ more than 7,000 people in 15 states and collectively represent over $2 billion in revenues. For more information, please visit www.resiliencecapital.com.